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Credit Risk Analyst Jobs in Worcester, MA (NOW HIRING)

Savers Bank

Commercial Credit Officer

Southbridge, MA · On-site

The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by ... risk associated with loan transactions. This role is responsible for conducting a thorough analysis ...

Savers Bank

Commercial Credit Officer

Southbridge, MA · On-site

The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by ... risk associated with loan transactions. This role is responsible for conducting a thorough analysis ...

Savers Bank

Commercial Credit Officer

Southbridge, MA · On-site

$74K - $118K/yr

The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by ... risk associated with loan transactions. This role is responsible for conducting a thorough analysis ...

Td

Account Manager III (US)

Worcester, MA · On-site

$115K - $186K/yr

Contributes and provides input to loan decision processes based on evaluation of credit risk and ... Proven credit, financial analysis and accounting skills * Proven knowledge of commercial legal and ...

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Showing results 21-40

All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Worcester, MA

Credit Risk Analyst information

See Worcester, MA salary details

$37K

$113.9K

$197.5K

How much do credit risk analyst jobs pay per year?

As of Aug 6, 2026, the average yearly pay for credit risk analyst in Worcester, MA is $113,893.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,500.00 and $140,500.00 per year, depending on experience, location, and employer.

What are some common challenges faced by credit risk analysts when assessing new clients or loan applications?

Credit Risk Analysts often encounter challenges such as limited financial data, rapidly changing market conditions, and the need to balance risk with business growth objectives. They must carefully analyze incomplete or inconsistent client information while ensuring compliance with regulatory requirements. Collaborating with relationship managers and other departments is essential to gather additional insights and make informed recommendations, making strong communication and analytical skills crucial in overcoming these challenges.

What does a credit risk analyst do?

A Credit Risk Analyst assesses the creditworthiness of individuals or organizations by analyzing financial data, credit reports, and economic conditions. Their main goal is to determine the likelihood that a borrower will default on their financial obligations. They use statistical models, risk assessment tools, and industry knowledge to evaluate risk and help lenders make informed lending decisions. Credit Risk Analysts often prepare reports, recommend risk mitigation strategies, and monitor existing credit portfolios for potential risks.

What are the key skills and qualifications needed to thrive as a credit risk analyst, and why are they important?

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial principles, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and financial modeling systems is often required, along with relevant certifications like FRM or CFA being advantageous. Attention to detail, effective communication, and sound judgment are essential soft skills for presenting findings and collaborating with stakeholders. These competencies are crucial for accurately assessing creditworthiness, minimizing financial risk, and supporting informed lending decisions.

What does a credit risk analyst do?

A credit risk analyst evaluates the creditworthiness of individuals or businesses seeking loans or credit cards. As a credit risk analyst, you must be systematic and thorough in examining each applicant’s financial information to provide a recommendation of whether or not your employer should grant credit to the applicant. Essentially, you are evaluating the risk to reward ratio of each loan applicant. Your job duties include the analysis of credit scores and credit reports, payment history, bank statements, and other financial statements. Depending on the scope of your job, you may collect this information directly from clients and inform them if the institution can approve or deny their credit or loan application.

What is the difference between Credit Risk Analyst vs Credit Analyst?

AspectCredit Risk AnalystCredit Analyst
Primary FocusAssessing the risk of default on loans and credit productsEvaluating creditworthiness of individual or business applicants
Required CredentialsTypically a degree in finance, economics, or related field; certifications like CFA or credit-specific coursesSimilar credentials; often the same certifications or degrees
Work EnvironmentFinancial institutions, risk management departmentsBanks, lending institutions, credit departments
Industry UsageCommonly used in risk assessment and managementPrimarily in lending and credit evaluation

While both roles involve evaluating credit, a Credit Risk Analyst focuses on assessing the overall risk associated with credit portfolios, whereas a Credit Analyst evaluates individual credit applications. The roles often overlap in credentials and work environment, but their specific focus differs within the credit industry.

How much does a credit risk analyst earn?

The average salary for a credit risk analyst typically ranges from $60,000 to $90,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications can earn higher salaries and bonuses.

What is the average salary of a Credit Risk Analyst?

The average salary of a Credit Risk Analyst typically ranges from $60,000 to $85,000 per year, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.
More about Credit Risk Analyst jobs
What are popular job titles related to Credit Risk Analyst jobs in Worcester, MA? For Credit Risk Analyst jobs in Worcester, MA, the most frequently searched job titles are:
What job categories do people searching Credit Risk Analyst jobs in Worcester, MA look for? The top searched job categories for Credit Risk Analyst jobs in Worcester, MA are:
What cities near Worcester, MA are hiring for Credit Risk Analyst jobs? Cities near Worcester, MA with the most Credit Risk Analyst job openings:
Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Worcester, MA as of July 2026, with employment types broken down into 93% Full Time, and 7% Part Time. Highlights an 72% In-person, 14% Hybrid, and 14% Remote job distribution, with an average salary of $113,893 per year, or $54.8 per hour.

Manager of Cash & Credit Collections - Americas

Dassault Systemes

Waltham, MA • On-site

Other

Medical, Dental, Vision, Life, Retirement

Posted 24 days ago

Job description

Role Description & Responsibilities

DASSAULT SYSTEMES, the 3DEXPERIENCE Company, empowers businesses and people with virtual universes to imagine sustainable innovations. Serving more than 250,000 customers across 11 industries-from high-tech and life sciences to transportation and consumer goods-we help organizations transform the way they design, produce, and innovate for a more sustainable future.

We are seeking an experienced Manager, Credit & Cash Collections - Americas to join our Finance organization in Waltham, MA (hybrid). This is an exciting opportunity for a collaborative, results-driven leader to shape the strategy and performance of our Accounts Receivable organization across the Americas. You'll lead a talented team, partner with senior business leaders, and drive initiatives that improve cash flow, strengthen customer relationships, and elevate operational excellence.

In this role, you will:

Lead the Credit & Collections Organization

  • Provide strategic and day-to-day leadership for the Americas Credit & Collections team, fostering a culture of accountability, collaboration, continuous improvement, and customer focus.
  • Assess current processes, team capabilities, and organizational opportunities to optimize performance and scalability.
  • Coach, mentor, and develop team members while supporting career growth and employee engagement.
  • Build initiatives that strengthen retention, knowledge sharing, and cross-functional collaboration.

Drive Financial Performance

  • Own key Accounts Receivable performance metrics across the Americas, including Cash Collections, DSO, Overdue AR, and Cash Forecasting.
  • Develop and execute strategies that improve cash flow while balancing customer experience and business objectives.
  • Identify root causes of aging receivables and partner across Finance and the business to implement sustainable solutions.
  • Deliver regular reporting, forecasting, and performance insights to Finance leadership.

Partner Across the Business

  • Serve as the primary Credit & Collections leader for Client Executives, Finance leadership, and cross-functional stakeholders on complex customer escalations.
  • Build strong partnerships with Sales, Client Executives, Revenue teams, and regional Finance leaders to resolve issues efficiently.
  • Represent Credit & Collections during customer meetings involving payment disputes, credit concerns, or commercial negotiations.
  • Support broader Finance initiatives and collaborate with global RtC leadership to promote operational consistency and best practices.

Improve Processes & Operational Excellence

  • Lead structured operational rhythms including KPI reviews, cash meetings, escalation management, and performance tracking.
  • Continuously evaluate and improve collection strategies, policies, and workflows.
  • Establish clear escalation paths, service expectations, and operational standards that support both internal teams and customers.
  • Champion process improvements and automation opportunities that enhance efficiency and business performance.

Qualifications

  • Master's degree in Finance, Accounting, Business Administration, or related field (MBA preferred).
  • 8+ years of progressive experience in Credit, Collections, or Accounts Receivable, including at least 3 years leading high-performing teams.
  • Proven success leading organizational improvements, change initiatives, or business process transformations.
  • Demonstrated ability to improve DSO, cash collections, and overdue receivable performance within complex, multi-entity organizations.
  • Strong knowledge of credit risk management, GAAP/IFRS accounting principles, and Accounts Receivable best practices.
  • Experience with ERP platforms such as SAP S/4HANA, Oracle, or similar systems, along with credit management tools such as Sidetrade, GetPaid, or CreditPoint.
  • Excellent leadership, analytical, negotiation, and communication skills.
  • Proven ability to build trusted relationships with Sales, Finance, and executive stakeholders.
  • Comfortable leading customer-facing discussions and negotiating payment solutions with key accounts.
Inclusion statement In order to provide equal employment and advancement opportunities to all individuals, employment decisions at 3DS are based on merit, qualifications and abilities. 3DS is committed to a policy of non-discrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religion, gender, sex (including pregnancy, childbirth or medical or common conditions related to pregnancy or childbirth), sexual orientation, gender identity, gender expression, marital status, familial status, national origin, ancestry, age (40 and above), disability, veteran status, military service, application for military service, genetic information, receipt of free medical care, or any other characteristic protected under applicable law. 3DS will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable state laws and local ordinances. We are committed to fair employment practices and will evaluate all candidates based on their qualifications, regardless of past arrest or conviction history. Compensation & Benefits Dassault Systemes offers an excellent salary with potential for bonus, commensurate with experience. Benefits include a choice of plans providing comprehensive coverage for medical, dental, vision care for employee & dependents as well as employee life, short & long term disability, tuition reimbursement, immediate 401K enrollment, 401K match (50 cents on the dollar, up to the first 8% of your eligible compensation that you contribute based on match eligibility criteria), flexible time off policy, and 10 paid holidays. Salary Pay Transparency


Compensation for the role will be commensurate with experience. The total expected compensation range will be between $85000 and $145000, representing the base salary (or annualized salary based on estimated hourly compensation) and target bonus.

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